Southern Season, which opened a 53,000-square-foot Richmond store less than two years ago as one of the anchors of the 80-acre Libbie Mill development, will close the location as it looks to focus on its smaller format stores.
Five apartment rehab projects in the greater Richmond area are on the state’s priority list to receive tax-exempt bond financing, though only two of those are likely to be included in the next round of bonds. The Virginia Housing Development Authority is moving forward with issuing as much as $96 million worth of bonds for… Read more »
The three-building, 7.4-acre former West Broad Street headquarters of the Department of Game and Inland Fisheries is now in the hands of an out-of-town developer. Virginia Beach-based Kotarides Developers paid $5.1 million to purchase DGIF’s former campus which spans 3900-4016 W. Broad St. The March 31 deal comes about five months after Kotarides filed a… Read more »
With construction stalled and future residents still waiting for their homes to be completed, the saga of a high-end Richmond condo project has taken yet another twist. The loan on the long-delayed Tiber development at Libbie and Guthrie avenues has been purchased from its original lender by a group that includes John K. George, who… Read more »
While waiting for the green light from the DMV to open a dealership in Richmond, Tesla isn’t sitting idle in its hunt for local real estate. The electric carmaker, which has sparked controversy among the state’s auto dealer industry in recent weeks, has leased the 30,000-square-foot property at 9850 W. Broad St. The Broad Street… Read more »
A local web designer is expanding its Manchester offices, signing on as the latest tenant in the redevelopment of the former Reynolds South plant. CO+LAB plans to move June 1 to 409 Bainbridge St. in City View Landing, the new name of the 17.5-acre mixed-use development taking shape in the former Reynolds Metals plant along… Read more »
A huge chunk of downtown office space is under new ownership after being threatened with foreclosure. The keys to the three-building, 986,000-square-foot James Center complex were handed over last week to GMACC 2006 C1 East Cary Street LLC, the noteholder of the properties that had previously scheduled to foreclose on the trio of towers at… Read more »
A national pharmacy chain has opened in its new downtown home on East Broad Street – and it already has a new landlord. The 53,000-square-foot building at 312 E. Broad St., part of which was recently converted into a Walgreens store, sold for $3.52 million on Feb. 29, city records show. The sale comes less… Read more »
Starved for space, the owners of Nick’s International Foods, a neighborhood institution at 400 W. Broad St., have put their building on the market as they ponder a move out of the city. The 8,600-square-foot property is for sale for $1.05 million, according to Manuel Mouris, a second-generation owner along with his brother Philip Mourtzakis…. Read more »
A local recording and production company is now the master of its own house. Sound of Music Recording Studios last month purchased the office and warehouse property at 1710 Altamont Ave. for $585,000. The company, which has been in business in Richmond for more than two decades, has been a tenant in the 12,000-square-foot space… Read more »
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